Prime Suburb Freehold Property with A1/A3 planning consent For sale with full vacant possession PRIME TRADING LOCATION ON GEORGE STREET OPPOSITE THE SOON TO BE DEVELOPED HOUSE OF FRASER DEPARTMENT STORE GEORGE STREET, RICHMOND, TW9 1JY

INVESTMENT SUMMARY Richmond lies just 9 miles south west of and is one of London’s most popular and prosperous boroughs offering a blend of urban and rural qualities in a major capital city.

Affluent borough population of approximately 196,000 people.

Thriving residential and tourist location served by and .

4.5m visitors to Richmond every year.

Freehold.

Benefit of a current A1/A3 planning consent.

Prime trading location on George Street adjacent to Marks & Spencer, whilst in close proximity to Anthropologie, Jo Malone, Molton Brown and the House of Fraser department store which will be redeveloped into 22,000 sq ft of prime retail and 42,000 sq ft of grade A office accommodation.

Potential to convert upper floor to residential and increase massing, subject to planning.

Our clients are seeking offers in excess of £2,000,000 (Two Million Pounds) subject to contract and exclusive of VAT, which reflects a capital value of £321 per sq ft. RICHMOND GREEN

GEORGE STREET A305

KING STREET

HILL STREET A307

RED LION STREET A307 Gunnerbury M4 Park A4

A4 A4

S ME A A4 H A2 GEORGE STREET, RICHMOND, TW9 1JY T R 0 E 5 IV FULHAM R A316 Royal WWT Botanic London Gardens Wetland Kew Centre A316 d ichmond Rd A ham R Upper R 205 en ick Tw A3 A316 Rd LOCATION tsey RICHMOND Cher Rd on A214 Richmond sits within the London Borough of Richmond upon Thames, st ng located approximately 9 miles (14.5 km) to the south west of Central London. Ki

Richmond 3 Richmond has excellent communication links, positioned within close Park A proximity of Junction 1 of both the M4 to the north east and the M3 to the Wimbledon & Commons Wimbledon south west. These readily accessible motorways provide access to the M25 Park

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H Royal journey time to London (Waterloo) station of approximately 20 minutes. 4 o Wimbledon 2 Richmond station is also serviced by the London Underground District Line. o Golf Club A d W

Heathrow Airport is within 11 miles of Richmond, serving a wide variety of a KINGSTON y both domestic and international destinations. Bushy A WIMBLEDON Park UPON THAMES 3 A24

Hampton Court Park GEORGE STREET, RICHMOND, TW9 1JY

DEMOGRAPHICS The London Borough of Richmond has a population of 196,000 persons (GLA 2015) and a compact primary catchment population of circa 106,000 which is supplemented by a thriving tourist industry, attracted by the shopping and bars, and the .

Experian categorise 46.25% of the population (within the 15-minute drive-time) as being within the City Prosperity Mosaic grouping suggesting ‘high status city dwellers living in central location pursuing high reward careers’.

The Richmond office sector is focused on media, technology and financial services. Ebay, Paypal, Gumtree and Graze are represented, earning the town the nickname, ‘Silicon on Thames’. RBS, British American Tobacco, Philip Morris & Company, Serco and GSA Capital are also major employers in the borough, while GlaxoSmithKline, BskyB and Samsung amongst others all have significant UK headquarters nearby.

Richmond was voted London’s happiest place to live for the fifth year running by the Evening Standard Homes & Property 2019. GEORGE STREET, RICHMOND, TW9 1JY

RETAILING IN RICHMOND Richmond is a busy and affluent commercial business centre with a unique national and independent retail offering.

The prime retailing thoroughfare is located along the length of George Street and part of lower George Street, where major occupiers include Whole Foods, Marks & Spencer, Waterstone’s, H&M, Anthropologie, Zara Home, Ole & Steen and Tesco. The House of Fraser department store will close in September and will be remodelled by Canadian & Portland into a mixed use development with 22,000 sq ft of prime retail/leisure on the ground floor and basement and 42,000 sq ft of office accommodation on the upper floors.

The town also has a particularly good range of quality fashion retailers including Joseph, The Kooples, Whistles, Gant, Jigsaw and Max Mara. Richmond has no managed retail floor space. The other main shopping streets in Richmond are The Quadrant and Hill Street, with the latter being primarily occupied by upmarket fashion retailers, restaurants and cafes. Richmond also benefits from a strong food and beverage provision, with representation including The Ivy, Gaucho, Franco Manca and Petersham Nurseries. IN GOOD COMPANY. RICHMOND HAS A SIGNIFICANTLY ABOVE AVERAGE VOLUME AND QUALITY OF RETAIL PROVISION. EE TR AILF

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SITUATION The subject property is located in a prime trading location, in the central section of George Street adjacent to Marks & Spencer and opposite the proposed House of Fraser department store redevelopment. DESCRIPTION The property currently comprises a retail unit arranged on ground and first floor and benefits from rear access from Red Lion Street. ACCOMMODATION The property is currently arranged on ground and first floor and comprises the following approximate net internal floor areas:

Internal Width 40ft 5 inches 12.38 m Ground Floor Sales 3,239 sq ft 300.91 sq m Ground Floor ITZA 1,521.4 units First Floor Ancillary 2,986 sq ft 277.40 sq m Total 6,225 sq ft 578.31 sq m GEORGE STREET, RICHMOND, TW9 1JY

TENURE Freehold. PLANNING USE Planning permission was granted in April 2018 for a change of use from Class A1 to flexible use within Class A1 and/or Class A3. Further details are available on request. New proposed legislation will make it easier to change land use in town centres, allowing empty shops to be converted into residential or alternative uses.

The property is situated within the Central Richmond Conservation Area. EPC The property has an EPC rating of D79 and further information is available from this office. For further information please do not hesitate to contact: VAT Philip Hay BSc (Hons) MRICS The property is elected for VAT and VAT 020 7637 7100 will be payable on the purchase price. [email protected] PROPOSAL We are instructed to seek offers in excess of £2,000,000 (Two Million Pounds) subject to contract and exclusive of VAT for the benefit of our client’s freehold interest. A purchase at this level reflects a capital value of £321 per sq ft.

Recent sales include 54 George Street which was sold in May 2019 to Dalesford Estates at a price of £5m reflecting a capital value of £623 per sq ft. Messrs. Jackson Criss for themselves and for the vendors or lessors of this property whose agents they are to give notice that: (i) the particulars are set out as a general outline only for the guidance of intending purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, references to condition and necessary permissions for use and occupation, and other details are given in good faith and are believed to be correct but any intending purchasers or tenants should not rely on them as statements of representations of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Messrs. Jackson Criss has any authority to make or give any representation or warranty whatever in relation to this property. 102463. Designed by TCC 07/20.